The financial situation of the middle class, working class, and the working poor is getting worse, not better. The Great Recession has seen an expansion of the definition of “financial vulnerable consumer” to include formerly stable individuals and families, as most U.S. families are a missed paycheck or two away from financial collapse. In fact, in May 2011, the Wall Street Journal reported that over half of American families are “financially fragile.” Unemployment, credit card defaults, and foreclosures have proliferated, as the economy has spiraled. For the first time ever, America has a negative savings rate, meaning we are not able to properly save for the future. Even an economic recovery, which we hope will reduce unemployment and foreclosures, will not change the underlying fact about the new U.S. economy: basic everyday expenses such as housing, education, and health care are skyrocketing while incomes are stagnating. In other words, basic expenses are taking up more of our income than ever before, making us more vulnerable to financial challenges, and leaving us with less money to save for the future.

Whether you learn how to properly manage your money to build your financial situation or seek to understand the correct steps to take when facing a financial challenge, in this economic climate, it’s vital you make fully informed decisions. How do you do this when there is so much misinformation and sales pitches from biased companies?

This is where Consumer Education and Training Services (CENTS) steps in to provide independent, accurate, and trustworthy resources so you can make a fully informed decision. Our programs and resources are centered around providing you with the information you need to know to make a good decision.

Please fully explore this website to take control of your financial future.


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